Re:Ask HN: Do you think the next Apple is going to apply to YC?
by brudgers on Saturday March 20, 2021 @09:43PM
(#26527477)
Markula got 1/3 of Apple for about $350,000 as its first investor.
Re:Ask HN: Do you think the next Apple is going to apply to YC?
by i_have_an_idea on Sunday March 21, 2021 @03:56AM
(#26528847)
He got 30% for $1.1M adjusted to today's money and became employee no. 3. Woz credits him as being more important than himself to Apple's success. So, you could make the argument he was closer to a co-founder than just an investor.
In contrast, YC wants 7% for $125k, and you get a few talks, some introductions and "office hours" meetings.
It's an apples to oranges comparison.
Even more so in recent years, since YC has essentially turned into a conveyor belt incubator (in my opinion).